This lesson covers how to manage your bills and record expenses in QuickBooks. As a small business owner or manager, you know that managing expenses is as important as generating sales. By the end of this QuickBooks lesson, you will be able to keep track of expenses in a couple of ways. I use QuickBooks on a daily basis for invoicing clients, bank reconciliation as well as looking at the various reports. I have customised the reports to show the time period and categories that are useful for our business. QuickBooks and Intuit are a technology company, not a bank.

• QuickBooks Desktop no longer offers licenses; instead you have to buy a yearly subscription.
• This lesson covers how to manage your bills and record expenses in QuickBooks.
• To know about the latest QuickBooks Plans and pricing for a specific country, you need to visit the country-specific page at quickbooks.intuit.com/choose-country/.
• Payroll processing is an important function for any business.
• 37% faster based off of internal tests comparing QuickBooks Online regular invoice workflow with QuickBooks Online Advanced multiple invoice workflow.

Invoicing is one of the most crucial functions for many businesses, especially those that provide services or rely on freelancers. QuickBooks makes it easy to create invoices either from scratch or from an earlier estimate. QuickBooks Pro Plus is the most basic version of QuickBooks Desktop. This is a desktop product, meaning you download and install it on your computer. QuickBooks Pro Plus has a full range of features including invoicing, inventory tracking, reporting, billing, and income and expense tracking.

Why QuickBooks

Either way, with QuickBooks you can organize all those expenses, payments and other transactions—all in one place. Bookkeeping is much easier when cash transactions are kept to a minimum. One way to limit cash transactions is to use a credit card. This lesson will teach you to download and track your credit card purchases in QuickBooks and reconcile them with your credit card statement to ensure that they match.

• Connect seamlessly with your current apps to keep your business running smoothly.
• QuickBooks Self-Employed is suitable for freelancers and independent contractors who want to be able to track all their business expenses (such as rent or marketing) in one place.
• Consider what the system’s interface looks like, how the navigation works and what setup entails.
• Banking services provided by our partner, Green Dot Bank, Member FDIC.

Its basic plan is in line with QuickBooks Simple Start, at $15 per month. Enterprise is our best-in-class business management solution. Clarify complexity with efficient inventory management and integrated payroll and time tracking. Plus, with access for up to 40 users, Enterprise can scale with your business as it grows.

Easily manage your money, track time on any device, and get paid anywhere with QuickBooks.

When customers no longer have an active, paid subscription, they will not be eligible to receive benefits. Support hours exclude occasional downtime due to system and server maintenance, company events, observed U.S. holidays and events beyond our control. Intuit reserves the right to change these hours without notice. Terms, conditions, pricing, service, support options, and support team members are subject to change without notice.

How many different versions of QuickBooks are there?

Our free QuickBooks tutorials will teach you the basics you need to know to start keeping the books for your small company or employer. Don’t be intimidated by the size of the tutorial―take one lesson or tutorial at a time. You will be able to manage all of your downloaded banking transactions by the end of this lesson. You will also understand how to enter basic banking transactions manually. Finally, you can use the reconcile tool to ensure the transactions on your bank statement match what has been entered into QuickBooks, resulting in up-to-date financial statements. No, it is relatively easy to use, though corrections can be more challenging.

QuickBooks Pro Plus

A QuickBooks Desktop Pro subscription costs $350/year, while QuickBooks Desktop Premier costs $550/year, and QuickBooks Enterprise costs $1,740+/year. So we’ve covered how much QuickBooks Pro, Premier, and Enterprise cost and the additional fees to expect with each. Each of these versions gives you access to specialized features and reports at no additional cost.

Final Thoughts On QuickBooks Desktop Pricing

Although you can track expenses, QuickBooks Simple Start doesn’t enable users to pay bills. To manage and pay bills, you’ll need QuickBooks Essentials. Terms, conditions, pricing, special features, and service and support options subject to change without notice. The list of job duties VAs can perform is long and constantly growing, from bookkeeping and social media management to customer service and market research.

Best POS Systems For Small Business In 2024

Additionally, Premier Plus includes industry-specific features for manufacturers, wholesalers, nonprofits and retailers. QuickBooks Online is an easy-to-use accounting software—one reason why it’s awarded our best small business accounting software. To help you preferred stock vs common stock further improve your learning experience, you can check out our expert QuickBooks Online tips (including keyboard shortcuts). By using QuickBooks Payroll, all your wages, salaries, and payroll taxes will be included automatically in your financial statements.